5 Things to Remember When Buying Used Construction Equipment

Many companies are now open to the idea of purchasing used equipment instead of new. It has become a feasible option mainly due to increasing operational costs. Second-hand deals now offer high quality products at competitive prices. To survive the decision to buy used equipment, you should ensure you are not wasting your time and money.

  1. Select a trusted dealer. It pays to do your homework and find a reputable dealer. Check online reviews and business reports or background check the vendor. Make sure that they are the registered owner of any item they are trying to sell. They should be able to present the original invoice to prove their ownership. Shop around for dealers and explore your options by asking for quotes. This will help you determine the fair value for a specific item.
  2. Consider equipment depreciation. The value of construction equipment reduces by about 30 per cent post-purchase in the first year. Afterwards, the value can be more stable. If it is properly maintained, its value can be maintained for years. When deciding on second-hand equipment, first determine its age, maintenance history and depreciative value. If your company is thinking of selling equipment, consider doing so before its value decreases substantially. Keep all records including maintenance and invoices for repair work.
  3. Testing is key. To ensure performance, quality and longevity, testing is key. Dealers will be pleased to let you test equipment if they know that it is working well. For vehicles, check the pedals, controls, seats and adjustments.
  4. Inspect other important elements. Aside from testing vehicles, check out the engine and transmission. Find out if there are emissions or odd sounds that could signify problems. The condition of tracks or tyres can indicate if a vehicle has been left outdoors, as cracks or bubbles typically appear.
  5. Ask for documents that verify the sale. Ask the vendor for a receipt or invoice to verify the sale. Pay by cheque to leave a reliable financial trail, just in case any problem arises later.

Purchasing second-hand but high-quality construction equipment is a cost-effective solution considering the rise in operational costs. You can buy directly from dealers instead of manufacturers. Do not rely on photos you see online; go directly to dealerships. Testing and inspections are very important as well. Aside from buying used equipment, you can also opt to rent equipment needed for special projects. You won’t find it difficult to find companies that offer equipment rental; there are plenty of them, like plant hire Preston which has many years of experience in supplying the construction industry, and offers a wide variety of plant for hire.